Kinh Te Vi Mo

MICROECONOMICS 1. chore 1: Demand And Supply buy the farms in a grocery of product X are given(p) as follows: (D):Q = - 5P + 70 (S): Q = 10P + 10 a. Identify the merchandise set forth set and measuring rod b. Calculate the expenditure snap of Demand (Ed) at the Equilibrium point. What will expenditure dodge of a seller to maximize the revenue? c. If the presidency sets the determine to be P = 3$, what happens in the grocery storeplace? d. If the saddle supplied swerves by 50%, what will be the rising instinct of balance wrong? Problem 2: Demand affaire of Apple (Agricultural product) is given as: Q = 100 P/2 The quantity supplied of Apple last year was 80 tons. Unfortunately, delinquent to bountiful weather, it was only 70 tons this year. a. Graphically represent the market consider and supply curves of Apple. b. Identify the residue price in the market. c. Calculate the price elasticity of demand at the equilibrium price point. Compare revenue of the gardeners this year to that of the former year. d. If the political science impose a little revenue of t= 5 $/ kg, what will be changes in the equilibrium price and quantity? Who pay for the tax? Problem 3.. The market of product X is in the equilibrium state. The equilibrium price and quantity are Pe = 10 and Qe = 20.

At the equilibrium point, the price elasticity of demand and supply are Ed = -1 and Es = 0.5. Assume that both demand and supply curves are sequential lines. a. Identify the market demand and supply functions. b. Now the presidential term imposes a precise tax of t /unit, wh! ich makes the quantity supplied reduce by 20 % at every price level, discover the new equilibrium price and quantity in the market. c. If the politics sets the price of P = 14 $ and promises to buy the unsold products, how ofttimes does it pay for this policy. Problem 4. Weekly quantity demanded of product X is given as follows: Q = 600 0.4 P a. If the price of X is P = 1200 $, what will be the...If you loss to get a luxuriant essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay